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What do you pay for insurance?

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#143 of 212 Re: Insurance companies [dekorai] by kyfdx HOST Jun 30, 2005 (6:25 pm)
Replying to: dekorai (Jun 30, 2005 6:16 pm) I'm thinking it is a good thing that you shopped around... It would bother me that a company could just drop their quote by $2600/yr., when faced with a little competition, though... Sometimes a company just doesn't want to write a policy in a certain area.. So, they price themselves out of the market..   I bought an old car once... Paid $6K for it.. it was just a weekend toy.. A second car... My then current insurance company wanted $1500/yr to insure it... Nuts.. I was paying about $500/yr for full coverage on the other car I had at the time....   So, I shopped around, and State Farm insured it for $385/yr... full coverage.. That was 1985, and I've been with them ever since..   I've heard good things about MetLife car insurance... They have a "group" plan through my company... With discounted rates... So, a lot of my co-workers are with them... No complaints.   regards, kyfdx
#144 of 212 Re: What do you pay for insurance? [brianl0202] by neiltek Jul 02, 2005 (10:26 am)
Replying to: brianl0202 (Dec 12, 2003 6:18 am) I pay $380 per year per car, basic coverage, no collision. My agent told me any car I get will cost this much without collision coverage. I'm a 41 year old male with an ok driving record.
#145 of 212 Re: I agree [kaoha] by boblz Jul 11, 2005 (4:52 pm)
Replying to: kaoha (Jan 22, 2004 11:30 am) What is ridiculous, age should be used as a factor for car insurance rates? Tell me you were as good a driver at 16 as you are now.
#146 of 212 dekorai by marsha7 Jul 15, 2005 (6:27 pm)
One possibility is that, assuming full coverage, or almost full coverage, is that the car is more likely to be totalled, burned, vandalized (!!!), or stolen in NYC compared to Albany...while that is a heck of a large drop, $3800, I could see it...   A similar story may answer that, and this goes back to the 1970s...one of the warehouses where we ordered our auto parts was located in NYC...they had to put up barbed wire, iron bars on their windows and doors, lived in fear of daily crime, all because of that which lives in NYC...their business insurance was atronomical in cost...they decided to leave the city and move up the NY Thruway near Duchess County, I believe, or that general area...   The move cost them about 1 million dollars...they saved so much in their business insurance that THEY PAID FOR THE MOVE IN 2 YEARS just by the savings in their insurance...that is how bad NYC is, and that goes back 30 years... Replies to this message: jlawrence01 (Jul 15, 2005 8:49 pm)
#147 of 212 Re: dekorai [marsha7] by jlawrence01 Jul 15, 2005 (8:49 pm)
Replying to: marsha7 (Jul 15, 2005 6:27 pm) Marsha,   You can see some tremendous differences in car insurance rates by moving 4-5 blocks. I had an agent transpose a number that "moved" me from Dearborn to Detroit and my insurance increased 200%.   And more companies are relocating from the north due to workers compensation insurance rates than business casualty rates.
#148 of 212 jlawrence by marsha7 Jul 16, 2005 (12:44 pm)
Interesting, I lived in Detroit in the 1980s, on Telegraph, and my business was on West Warren Road, south side, placing it in Dearborn Heights instead of Detroit...also lived in Woodhaven, near Trenton (aka "Downriver") and lived for 6 years in Southfield, near 9 MIle and BeechDaly...at the corner of BeechDaly was a small strip mall with the best soft custard ice cream, Custard's Last Stand, and the best deli in the world, easily competing with Carnegie in NY, is Bread Basket Deli, on 10-1/2 mile and Greenfield Road...   Yes. the Workers Comp here in GA is highly regulated, so businesses come south because their comp costs are less than half, if they don't go to Mexico or overseas...   A client lost his index finger in a work accident...full value here in GA is $13,500 for the finger...in the industrialized midwest, that finger would probably be worth $30-50,000...I wouldn't sell you my index finger for a $million...
#149 of 212 Dollar difference with mileage by delmar1 Jul 19, 2005 (7:24 pm)
I know that there is a difference in premiums with mileage. What would the premium increase be roughly by going from a < 10,000 miles to <15,000 miles? Quite a bit? I am certain it varies by other factors...but roughly how much difference all factors being equal. Thanks.
#150 of 212 Any recommendations on selecting a company? by gregjohnson Jul 22, 2005 (11:22 pm)
Hello,   Does anyone have a any recommendations on selecting an insurance company? I'm quite aggravated with Geico at the moment*, and would like to give my business to a company that doesn't assume I'm trying to rip them off. (I understand most folks would if they could, but I don't even when I can, and I'm tired of mental defectives who can't tell the difference).   Earlier this year I upped my coverage to 1/3/100 W/50K medpay (Thanks Marsha7) for $800/yr.   Ideally, I would prefer a policy that insures me, not a specific car.   Thanks, -Greg   * Ugh, I'll try to be positive here. Short story is that after 5? years these imbeciles still haven't figured out that billing address is not the same as shipping address. I don't know the billing address, that's the POINT of having a billpay service. So, I call in to see if the chip in my windshield is covered. They won't talk to me without the "the right" address. After 20 min of this I tell them not to bother. Their parting shot: "I'm still filing the claim anyway". In other words, I'm credible when Geico wants to upcharge me, just not when they have to DO THEIR &^%^ JOB. Cretins.
#151 of 212 I hate to sound by marsha7 Jul 24, 2005 (9:35 am)
silly, nut you might survey friends and neighbors for their claims experience...and that is what you must survey, folks who have had CLAIMS experience, whether their fault or the other guy's fault...ALL ins co are polite when they take your premium and will promise the moon and the first 2 rings of Saturn...   Where you determine how good they are is with those folks who have made claims and had to deal with (fight with?) the adjuster...an example shall follow   Here in GA, while dealing with State Farm and Allstate (as the at-fault insurance company) never a picnic, ther is one major difference that I see for my clients...they will both pay for a rental car (this is why I tell clients to pay the lousy $15 yearly for rental insurance, as they never know which ins will hit them) but State Farm will call Enterprise and set up an account to pay direct for your rental car...   Allstate, OTOH, will abide by the law and pay, but they make you rent the car, pay for the rental, and then reimburse you...what if the victim driver is under 25, or does not have a credit card to rent, or cannot advance the $$$ for a rental car???   Assuming you rent a car on the 1st of the month, pay for a week, then send in your receipt to Allstate...on an efficient day, they will repay you in 7-10 days...if you are short $$$, by the time they pay you, you will have paid for the first week, the second week, and maybe the 3rd week, and you have still not been paid back by Allstate...this is how they treat the innocent victim, they are not much better when they take car of their own, IMO...so, if you buy Allstate, and if you cause the wreck, you know how they will treat the person you hit, imagine how they will treat you...   you may be "in good hands", but I have no faith in that statement...just my thinking... Replies to this message: cadillacmike (Jul 26, 2005 1:52 pm)
#152 of 212 Interesting... by gregjohnson Jul 26, 2005 (12:43 am)
m7, thanks for the feedback. Unfortunately, I don't know anyone who actually had an auto claim in the last decade - everyone I know just pays out of pocket for fear their rates will go up.   Interesting contrast, though it does conflict me somewhat, as I know State Farm has unfriendly diminished value language in their policy.   Heard anything on Progressive lately?   Oh, hey, I wonder... In GA, can an individual to self-insure the first few thousand in liability & approach a re-insurer to lay off the rest of the exposure? Kind of like an ultra-high deductible... (Just a hypothetical, I'm not looking to do that)

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